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June 16, 2011

Linedata Offers New Trade System

By John D'Antona Jr.

Order management system provider Linedata is releasing a new desktop-based trading platform that combines the characteristics of order and execution management systems in one desktop offering.

Known as Trader+, this new system offers the buyside aspects of both OMS and EMS features and tools such as pre-trade compliance, commission management, trade cost analysis, and full trade history, in a single system, according to Gavin Little-Gill, global head asset management product strategy at Linedata.

He said the ongoing buyside debate between whether they should use either an OMS or EMS prompted this platform. Trader+, by combining visual capabilities and speed, as well as compliance and connectivity, addresses any compromises the buyside in choosing what system traders had to make previously.

"Eight head traders gave input to the system," said Little-Gill. "It was built on these traders' suggestions - every feature or function comes from a buyside trader who is in the marketplace today."

The system can be constantly updated by buyside constructed applications that can be loaded into it or by Linedata. "Users like this flexibility as they can customize their own desktops when they want," Little-Gill said.

The system is in currently in the beta-testing phase and should be live by the end of June. Trader+ can be deployed on the desktop either independently via FIX protocol or alongside the company's Longview OMS.

 

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